Although XRP Coin continues to linger below $2, it remains relatively strong despite the sharp declines experienced by BTC. Altcoins are on their way to recoup yesterday’s losses. Today, different analysts are reporting PUMP, HYPE, PENGUIN and XRP Coin We will discuss the current expectations for Which one targets how many dollars?
PUMP, HYPE, PENGUIN Comment
Although the analyst nicknamed Altcoin Sherpa shows interest in new altcoins, the tokens he always sees as opportunities do not deliver what is desired. today too PENGUIN Sherpa wrote that the current region for this altcoin is reasonable if he is going to make a long-term investment. He thinks that FDV between $65 million and $90 million is a good basis, after which the rise can accelerate.
“If it hits highs again, if you’re in the business, I HIGHLY recommend you divest some, even if you hit the high. Anything higher than 130 million fdv is probably a good level to sell and dump some. I don’t know if this is the best market environment to really believe in something and assume it will hit 1 billion fdv. It’s got great mind share/volume/etc, but native crypto liquidity is 2024 or earlier.” It’s not as strong as it has been in years.
Buying in this zone can be a good trade, but again, if it approaches highs (or at least TP) you should probably sell. You don’t have to sell it all, and you can keep some of it, especially if you have a good listing.”
The same analyst is watching HYPE and PUMP Coin closely. Sherpa stated that the 10% increase was not enough to trigger entry appetite and wrote that he watched the chart carefully. The levels that need to be protected are marked in the PUMP charts above and the HYPE Coin charts below.
Ripple (XRP)
CryptoQuant analyst Darkfost today especially XRP Coin drew attention to open positions. XRP Coin open positions, which dropped below half a billion dollars on the largest exchange, reached a record level of 1.76 billion dollars on the Binance exchange on July 17. This contraction in the derivatives market was accompanied by a significant price correction, with XRP falling from $3.55 to $1.83, a decline of nearly 50%.
Since the massive liquidation event on October 10, positions have closed much faster. Ultimately, it declined to the level it is today. So what happens now? The analyst is in favor of the rise and explains the reason as follows.
“Such periods on Binance It stands out when XRP open positions fall below its semi-annual average.
Historically, these clearing phases have generally been followed by a bullish recovery as investor interest gradually returns to the derivatives market.”
